Form Dr 0589 - Vendor Special Event License Application With Instructions (Page 5 of 5) in pdf

Form Dr 0589 - Vendor Special Event License Application With Instructions Page 5

INSTRUCTIONS FOR MULTIPLE EVENT SALES TAX LICENSEE

A "Special Sales Event" means an event where retail sales are made by more than three persons. The same special event may

not occur more than three times in any calendar year.

State sales tax, and if applicable, RTD/CD/BD, and state-collected local tax must be collected on the gross selling price of items

sold with the exception of sales to another licensed dealer. Do not remit tax to the state for home-rule cities which administer their

own tax. The applicable taxes, tax rates and service fee information can be obtained from the event organizer.

How to file: The return, together with remittance by check, draft, or money order, must be filed with the Department of

Revenue, Attn: Special Event Coordinator, P.O. Box 13200 Denver, CO 80201, on or before the 20th day of the month

following the month in which such special sales event began. A separate return must be filed for each special event.

• All entries of state and local taxes must be rounded to the nearest dollar. Round amounts under 50 cents down to 0 cents,

increase amounts from 50 to 99 cents to the next dollar. Books, records and statements or invoices to buyers must reflect

actual tax amounts. Only the totals appearing on this tax return are rounded.You will still collect and keep track of exact

amounts of sales tax. It is only when you fill out this return that you round the numbers you are reporting.Your sales tax

remittance must not differ from the exact amount of tax collected by more than 50 cents.

• The deduction of the service fee is not allowed on a delinquent return.

• Penalties and interest are due on a late payment. The penalty is 10% of the tax due. The interest rate is changed annually

call (303) 232-2416.

Any questions regarding the preparation of your return may be directed to Taxpayer Service by telephone: 303-232-2416.

Form Dr 0589 - Vendor Special Event License Application With Instructions Page 5